UBS upgraded Trex Company (TREX) to Buy from Neutral with a price target of $52, up from $50. The firm sees the company returning to high single-digit year-over-year sales growth in fiscal 2027, following five consecutive years of below trend activity. Trex is also well positioned to drive margin expansion in 2027 and beyond, and the the stock will begin outperforming as evidence of improved conversion activity and a margin floor emerge in 2026, the analyst tells investors in a research note.
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